4D·

If you don't ask, you stay stupid

Hello dear swarm intelligence,

I have made a mistake and apparently invested in something that I have not yet fully understood.

I recently had a small leverage long on $NBIS (+2.73%) the other day. This reached the knockout and flew. So far so good. Now I thought that I would only receive a cent amount when I redeemed it. But did I get back about 33% of the stake? Is this a mistake by TR or how does this happen?

I would appreciate your kind comments. Many thanks in advance!

8 Comments

Chris@Multibagger

Give me the WKN or ISIN. I suspect that the KO and strike price were different. If not, it was the loss pot. However, this would be booked separately on the TR statement as a tax adjustment.

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Captain_Stanton@Captain_Stanton

@Multibagger Merci!

Long @101.56 $ Nebius Group NV Unlimited Turbo
ISIN: DE000FD18556

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Chris@Multibagger

@Captain_Stanton You can no longer call it up because the KO was made a long time ago. But take a look at the credit note in the transactions. There you can see where it came from.

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Captain_Stanton@Captain_Stanton

@Multibagger please have a look if you like, if you can discover something in the pictures :)

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Chris@Multibagger

@Captain_Stanton yes, that is as suspected, the strike price and the KO were at different thresholds. This happens when the bill runs longer, then the KO is regularly raised by a few cents to cover the issuer's costs. raised. This leaves a residual value in the case of the KO.

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Chris@Multibagger

@Captain_Stanton Take a look at FD1BZ2, it's the same there. Base 65$ and KO 77. $ the KO goes you get back 1.20$ per share as the remaining amount.

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Captain_Stanton@Captain_Stanton

@Multibagger Thank you very much! That has helped! :)

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Pazzzi@Pazzzi

Possibly loss compensation? In Austria, for example, it is like this: If you have realized gains on a share, you pay 27.5% tax. If you sell another share with a 100% loss, for example, you will be credited 27.5% of your loss if the tax on profits was higher than the loss.

I hope this is understandable 😅

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